Green, president and chief executive officer of Marcus & Millichap, called the ruling a victory for all consumers.

My current budget for any property looks like this:33% of revenue is my salary26% for taxes (purposely exaggerated)9% for property management7% for insurance2% eviction court fees cushion23% for reservesI don't know where I can cut back to afford a mortgage. 

When compiling my list of owners using the tax office website is it better to go after property owners with regular names or do LLCs work just as well?

I didn't realize you could have a $1500 a month car paymentAnyway, get a loan officer to work with you and you want to look at these things:DTI   (lenders look at 43% and so should you)Overall file  (w-2'd or 1099'd and for how long)Public records  (FC?  

@Tony VelezThe 50% guideline is simply a statistical observation: looking at a sample of rental properties, over time the operating costs run approximately 50% of the gross revenue.

@Ryland Taniguchi  I have done a lot of work with SDRIA custodians over the years and I have never heard of any of them prepping RE docs  ... it would be a normal escrow with your escrow officer prepping your DT and if they are able your Prom note.they then send to the custodian for approval. then they fund.Once the nice things about working with lenders that have a true check book IRA they simply cut a check to title and its much smoother than the custodian approach.

Depending on where you are looking, this information is available online through the county recorder's office.

For us, having a rental portfolio means NOT having to go see them and be a landlord.  10% doesn't really have big enough of an impact on our revenue, but we do own most of them outright and have small mortgages on the rest.Spokane is a better place to rent that the greater Seattle area.  

You can ask for the current rentroll and you can find the taxes and likely the water/sewer charges on your own from the assessors office and water dept.

But if there is some sort of criminal code violation due to the habitable condition of the property, they need to go after actual owners/officers of the LLC.“...Warren was found guilty even though the houses were owned by limited liability corporations that were not listed under his name...”Whose names then were on the LLC?